Over the last year, property investments in Ararat, 3377 have given investors a capital gain of -11.49%. This compares very badly with the 9.78% for VIC as a whole.
While Ararat,3377 ranked number 674th in VIC for increase in median house value (annualised) increase, it is ranked 488th over the last 5 years.
At number 177th of VIC’s most discounted properties, Ararat is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 3.20%, investors should hope to achieve an overall return of 6.75%